On 3 January 2023, Accounting and Auditing Regulator (ACAR) issued Notification 0001/23 on exchange rate used in 2022 financial statements.
Exchange rate as of 31 December 2022 (closing rate) is 4,117 Riels per USD.
Average exchange rate for 2022 (average rate) is 4,087 Riels per USD.
IAS 21 address to how to translate financial statements into a presentation currency. Translation from the functional currency to the presentation currency as followed:
Advance Grand Formula Co., Ltd is licensed audit firm from Accounting and Auditing Regulator (ACAR Decision N0. 014), member audit firm of Kampuchea Institute of Certified Public Accountants and Auditors (license number C-00085) and tax agent from General Department of Taxation (license number TA202204002).
This Publication is intended for general guidance only and should not form the basic of specific decisions.
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